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Fund Advisors

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Annual Distributions:

Advisor Recommendations from a Fund to Qualified Charitable Entities

Fund Advisors may request distributions between January 1 and November 1 of each year for both Endowed Funds and Expendable Funds.

Fund Advisors with Endowed Funds will receive a letter annually regarding the Spendable Balance available for charitable grant making. Fund Advisors with Expendable Funds are not held to the same spendable balance policy as endowments and should only be aware of minimum balance thresholds. For instance, $5,000 is the minimum balance threshold on expendable funds. If this balance falls below the threshold, a plan for growing the fund must be documented. Only if a fund remains below this threshold for several years would there be consideration for restricting an annual distribution. Keep in mind that the minimum distribution—meaning the smallest grant award allowed—is $500.

Fund Advisors are asked to complete the Distribution Request Form to trigger staff making charitable distributions from existing funds. If more than one Fund Rep, please coordinate your requests to ensure agreement as we will process the first received request received from a qualified Fund Rep. Below are two ways to request those distributions:

If you need assistance, please reach out to staff. We are happy to assist you.

Fund Advisors Defined: Fund Advisors are provided access to specific charitable funds based on either being the original donor, successor donor, an advisor or CKCF staff or board volunteer, including affiliate foundations.

Donors and Advisors on many of our funds are able to provide recommendations regarding the charitable funds of which they have recommendation authority. Due to this most Fund Advisors are afforded the opportunity to provide recommendations on the management of the charitable fund. Fund Advisors assist the CKCF office with providing Fund Distribution Recommendations annually. For Endowed Charitable Funds this includes making recommendations regarding the amount of the charitable distribution. Charitable distributions are the grants made to charitable entities based on the purpose and intent of the Funds Memorandum of Understanding (MOU). Many funds such as Donor Advised Funds (DAF) provide donors the ability to choose any qualified charitable entities for granting distribution and it is not always the same, year after year.

 

Thank you for making a difference. Annually more than $2M in charitable grants are distributed in the Central Kansas Region from funds under management at CKCF. We appreciate your trust in us, as we together are making a positive difference.